Fannie Mae Preferred S (FNMAS)

[rosen62]

Why does the Fed need to be investigated? They create money out of thin air at -in normal times- snail pace. And this is a good thing. It creates a low inflationary environment where everything grows nominally. It's like a universe in expansion.

Attaching -continuously devalued- value to paper money is no more different than attaching value to a piece of rock that shines yellow, value that is then transferred to printed paper. Martians will think we are crazy!

Why is it attaching a relatively fixed value to a material in one case better than using constant devaluing by design? Two different systems. One does not work for the purpose of expansion. Unless you send mercenary expeditions to the Indies to steal gold from natives. But then, we would in 1492.